BidaskClub cut shares of Shoe Carnival (NASDAQ:SCVL) from a hold rating to a sell rating in a report issued on Wednesday morning.

SCVL has been the subject of a number of other research reports. Jefferies Group reaffirmed a hold rating and issued a $20.00 price objective (down previously from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. Zacks Investment Research downgraded shares of Shoe Carnival from a buy rating to a hold rating in a report on Tuesday, September 19th. Susquehanna Bancshares lifted their price objective on shares of Shoe Carnival from $18.00 to $19.00 and gave the stock a neutral rating in a report on Thursday, August 31st. Wedbush assumed coverage on shares of Shoe Carnival in a report on Monday, August 14th. They issued an outperform rating and a $21.00 price objective for the company. Finally, TheStreet raised shares of Shoe Carnival from a c rating to a b- rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Shoe Carnival presently has a consensus rating of Hold and an average price target of $24.63.

Shoe Carnival (NASDAQ SCVL) traded up $0.64 during mid-day trading on Wednesday, hitting $25.77. 238,199 shares of the stock were exchanged, compared to its average volume of 460,814. The firm has a market capitalization of $426.00, a P/E ratio of 17.33, a P/E/G ratio of 1.42 and a beta of 1.06. Shoe Carnival has a twelve month low of $15.07 and a twelve month high of $30.75.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The firm had revenue of $287.47 million during the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a net margin of 2.17% and a return on equity of 7.81%. equities analysts predict that Shoe Carnival will post 1.48 earnings per share for the current fiscal year.

In related news, Director Charles B. Tomm bought 11,190 shares of the business’s stock in a transaction on Friday, September 29th. The shares were bought at an average cost of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the purchase, the director now owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 28.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in Shoe Carnival in the third quarter valued at $304,000. California Public Employees Retirement System lifted its stake in Shoe Carnival by 24.5% in the third quarter. California Public Employees Retirement System now owns 61,990 shares of the company’s stock valued at $1,387,000 after buying an additional 12,190 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Shoe Carnival in the third quarter valued at $224,000. Highbridge Capital Management LLC bought a new stake in Shoe Carnival in the third quarter valued at $581,000. Finally, OxFORD Asset Management LLP lifted its stake in Shoe Carnival by 100.5% in the third quarter. OxFORD Asset Management LLP now owns 51,784 shares of the company’s stock valued at $1,152,000 after buying an additional 25,952 shares during the last quarter. Institutional investors own 65.82% of the company’s stock.

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Shoe Carnival Company Profile

Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.

Analyst Recommendations for Shoe Carnival (NASDAQ:SCVL)

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